RE:2 consecutive quarters with positive EBITDA attracting banksif this is true, it would make all the difference in the world..
buddyboybruce wrote: One of the big 5 banks (i.e., RBC, BMO, TD, Scotia, CIBC) has recently approached Zenabis about approving Zenabis for a $200M Line of Credit at prime minue 1.09% so that Zenabis can retire all unfavorable debt, both long-term and short-term. This would also allow Zenabis to kick-start new initiatives such as entering new market segments and enhancing shareholder value, i.e. share buyback. The 2 consecutive quarters with strong EBITDA has made Zenabis very attractive to banks and it's expected that a deal will be worked out between CEO Shai Altman and the bank in September 2020.